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Utz Cheese Balls Brought the Crunch to Beer Bowl 2026 in Support of the Eagles Autism Foundation
Partnership with Garage Beer Featured the “Million Cheese Ball Challenge” and Fan Activations in Sea Isle City, N.J.
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Utz Brands, Inc. and Intersnack Group GmbH & Co. KG Announce Agreement to Take Utz Private and Partnership with Founding Family
Intersnack Group to Acquire All Utz Class A Common Stock for $14.25 Per Share in Cash; A Premium of Approximately 91% to the July 20, 2026 Closing Price, Providing Compelling, Immediate and Certain Value The Rice and Lissette Family Entities to Continue Significant Ownership Stake in Utz; Utz to be Owned 50% by the Rice and Lissette Family and 50% by Intersnack Group Following Transaction Close Transaction Expands Intersnack Group's Exposure to Attractive U.S. Snack Market and Provides Utz with Access to Intersnack's Expansive Resources and Innovation to Drive Further Growth Utz to Maintain Ongoing Commitment to Hanover Community
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BOULDER CANYON WANTS TO BE THE OFFICIAL PARTNER OF YOUR UNOFFICIAL HACKY SACK CLUB
HANOVER, Pa. (BUSINESS WIRE) — Boulder Canyon®, the premium snack brand inspiring consumers to “Be for Real” and reconnect with real-life experiences, is officially joining the hacky sack revival and is actively searching for hacky sack clubs to partner with this summer. As the Official Snack Sponsor, Boulder Canyon will support spontaneous, community-driven hacky sack gatherings taking shape in parks, public plazas and on college campuses with snacks and branded gear. Hacky sack groups continue to pop up across the country, requiring nothing more than open space, a few people and a footbag to come to life. This movement reflects exactly the kind of authentic, screen-free connection Boulder Canyon has championed all year long. Boulder Canyon’s Official Snack Sponsorship includes: · Boulder Canyon snacks to fuel meetups · Custom hacky sacks · Exclusive merch and branded gear Hacky sack clubs interested in being considered for a Boulder Canyon partnership this summer can follow and direct message @BoulderCanyon on Instagram. "As people increasingly seek ways to unplug and connect offline, hacky sack clubs have emerged as a simple yet meaningful way to bring communities together. We love that energy and we want to support these gatherings to celebrate the authentic moments that happen when people put their phones down and join the circle,” said Stacey Schultz, senior vice president of marketing at Utz Quality Foods, LLC, a subsidiary of Utz Brands, Inc. Boulder Canyon's support of hacky sack clubs is just one part of the brand's broader effort to encourage consumers to embrace real-world connections. Throughout the summer, Boulder Canyon will also support community-driven hobbies and other growing social gatherings, including run clubs, outdoor recreation groups and other growing social movements that bring people together through shared interests. For more information about Boulder Canyon, visit the Boulder Canyon website or follow along on the “Be For Real” campaign at @BoulderCanyon on Facebook, Instagram and TikTok. About Utz Brands, Inc. Utz Brands, Inc. (NYSE: UTZ) manufactures a diverse portfolio of savory snacks through popular brands, including Utz®, On The Border® Chips & Dips, Zapp's® and Boulder Canyon®, among others. After over a century with a strong family heritage, Utz continues to have a passion for exciting and delighting consumers with delicious snack foods made from top-quality ingredients. Utz's products are distributed nationally through grocery, mass merchandisers, club, convenience, drug, and other channels. Based in Hanover, Pennsylvania, Utz has multiple manufacturing facilities across the U.S. to serve its growing customer base. For more information, please visit www.utzsnacks.com or call 1‐800‐FOR‐SNAX. SPM Communications Utz Brands, Inc. Utz Brands, Inc. Agency Media Contact Ashley Lennington ashleyL@spmcommunications.com Media Colleen Farley cfarley@utzsnacks.com Investor Trevor Martin tmartin@utzsnacks.com
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Boulder Canyon’s Wavy Grillo’s Classic Dill Pickle Flavored Chips Selected as a Good Housekeeping 2026 Snack Awards Winner
HANOVER, PA (BUSINESS WIRE) – Boulder Canyon®, a pioneer in better-for-you snacking, announced today that its Wavy Grillo’s Classic Dill Pickle Flavored Chips have been named a winner in Good Housekeeping’s 2026 Snack Awards. The complete list of award winners can be found on the Good Housekeeping website. This product stands out for its partnership with beloved brand Grillo’s Pickles® and ingredient-driven flavor. Inspired by Grillo’s iconic pickles, the potato chips pair bold dill pickle flavor with notes of garlic and vinegar. These chips strike the perfect balance of tangy, salty and savory, an elevated twist on a classic snack that is delicious and cooked in non-seed oil. Founded in 1994 and joining the Utz Brands, Inc. portfolio in 2017, Boulder Canyon has become the No. 1 salty snack brand in the natural channel,[1] by staying true to its founders' vision: using only select ingredients to make great-tasting snacks. This is the second award for the brand this quarter. Boulder Canyon’s Agave Sriracha Potato Chips were just named the “Best Potato Chips” in People magazine’s People Food Awards. [TS5] To learn more about Boulder Canyon and its lineup of snacks, visit the Boulder Canyon website or follow @BoulderCanyon on Facebook, Instagram and TikTok. # # # About Utz Brands, Inc. Utz Brands, Inc. (NYSE: UTZ) manufactures a diverse portfolio of savory snacks through popular brands, including Utz®, On The Border® Chips & Dips, Zapp's®, and Boulder Canyon®, among others. After over a century with a strong family heritage, Utz continues to have a passion for exciting and delighting consumers with delicious snack foods made from top-quality ingredients. Utz's products are distributed nationally through grocery, mass merchandisers, club, convenience, drug, and other channels. Based in Hanover, Pennsylvania, Utz has multiple manufacturing facilities across the U.S. to serve its growing customer base. For more information, please visit www.utzsnacks.com or call 1‐800‐FOR‐SNAX. About Grillo's Pickles Grillo's Pickles has been on a mission to keep pickles real since 2008, when a 100-year-old family recipe first hit the streets of Boston in a wooden pickle cart. What started as a grassroots passion for garden-fresh, no-BS ingredients, has grown into a cult-favorite brand known for its crunchy, cold-packed, preservative-free pickles. All Grillo's Pickles products are made cold, shipped cold and sold cold to deliver the fresh, tangy, satisfying crunch you've been searching for—with none of the junk. In 2025, Grillo's expanded production with a new state-of-the-art facility in Indiana to meet growing nationwide demand. With a strong presence in over 31,000 stores nationwide, Grillo's has become a fridge staple for real-food lovers. Grillo's is more than just a pickle—it's a lifestyle brand known for its irreverent spirit and unexpected collaborations. Grillo's has earned a reputation for driving culture, turning heads and having fun while staying true to its roots: real pickles made with real ingredients for real people. For more, visit www.grillos.com or follow @grillospickles. SPM Communications Utz Brands, Inc. Agency Media Contact Hope Washburn hope@spmcommunications.com Media Colleen Farley Cfarley@utzsnacks.com Investor Trevor Martin tmartin@utzsnacks.com
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America’s Snacking Season Is Here: New National Survey Reveals Americans Don’t Stop Snacking All Summer Long
HANOVER, Pa. (BUSINESS WIRE) — Summer is America’s peak snacking season, according to a new nationally representative survey from Utz Brands, Inc., a leading U.S. manufacturer of branded salty snacks, conducted by independent pollsters Censuswide.* The findings reveal that nearly two-thirds of Americans (62.2%) snack at least once every day during the summer months and 30.5% reach for something salty multiple times a day. Just 1% report never snacking in summer, making it one of the most universally observed warm-weather rituals in the country. The United Snacks of Summer survey of more than 2,500 U.S. consumers reveals the habits, occasions and a state-by-state flavor map that define how Americans snack from Memorial Day to Labor Day and every moment of summer fun in between. So, what are they reaching for? Potato Chips Reign Supreme, But Which Flavor Is Up For Debate When asked to choose just one salty snack for the summer, 35.6% of Americans chose potato chips, more than double any other snacking category. But which flavor rules? The country is divided, with Original (18.7%), Sour Cream & Onion (18.5%) and Barbecue (17.8%) all separated by less than one percentage point nationally. Salt & Vinegar follows at 13.3%, with Jalapeño/Spicy (8.5%), Dill Pickle (6.6%), Ranch (5.6%) and Salt & Pepper (4.4%) rounding out the field.. Flavor Preference Also Varies by Region and State While Original holds strong across the Northeast and Great Plains, Barbecue dominates across the South and parts of the Midwest. Salt & Vinegar punches above its 13.3% national average as the favorite flavor in Arizona (24%), Montana (24%), Rhode Island (24%), Oregon (22%) and Virginia (22%). And then there is Alaska, the only state in the nation where more than 1 in 5 people (22%) named Dill Pickle as their favorite, making Alaska the undisputed Dill Pickle chip capital of America. When and Where America Snacks: Top Summer Occasions Nearly half of all American snackers (44.7%) reach for chips at a backyard barbecue or cookout, making it the No. 1 summer snacking occasion by a double-digit margin over any other event. Late-night snacking at home (34.5%) and during Fourth of July celebrations (34.2%) round out the top three snack occasions, with road trips (27.5%) and picnics (24.3%) also ranking highly. Barbecue chips were the undisputed winners of the Fourth of July picnic. Nationally, nearly one-third of Americans reach for Barbecue chips first on America’s birthday. The Snack Stack: America’s Boldest Chip Pairings Whether it’s a chip-stuffed PB&J or a chip-topped scoop of ice cream, Gen Z and millennials are rewriting the rules of the snack stack. Nearly 1 in 4 Americans (23.6%) say the most unusual thing they’ve ever put a chip on is a sandwich. Burgers and hot dogs came in second (13.2%), followed by soup or chili (10.3%) and ice cream or dessert (9.6%). “Summer has always been the ultimate snacking season, and this survey confirms what we hear from snack lovers every year: when the sun comes out, so do the chips,” said Stacey Schultz, Senior Vice President, Marketing at Utz Quality Foods, LLC, a subsidiary of Utz Brands, Inc. “At Utz®, we’ve been fueling America’s summer snacking rituals for over a century, and we’re turning up the heat this summer with bold limited-edition flavors like our Lemonade Chips and Summer Sizzlin’ Burger Ripple Chips, made for every backyard barbecue, road trip, and yes, even late-night solo bag moment.” *Survey Methodology: A nationally representative survey by independent pollsters Censuswide asked 2,523 U.S. consumers, ages 18-55+, about their summer snacking preferences from May 6 to May 12, 2026. Censuswide is a member of the Market Research Society (MRS) and the British Polling Council (BPC), and a signatory of the Global Data Quality Pledge. Censuswide adheres to the MRS Code of Conduct and ESOMAR principles. About Utz Brands, Inc. Utz Brands, Inc. (NYSE: UTZ) manufactures a diverse portfolio of savory snacks through popular brands, including Utz®, On The Border® Chips & Dips, Zapp’s® and Boulder Canyon®, among others. After over a century with a strong family heritage, Utz continues to have a passion for exciting and delighting consumers with delicious snack foods made from top-quality ingredients. Utz’s products are distributed nationally through grocery, mass merchandisers, club, convenience, drug and other channels. Based in Hanover, Pennsylvania, Utz has multiple manufacturing facilities across the U.S. to serve its growing customer base. For more information, please visit www.utzsnacks.com or call 1‐800‐FOR‐SNAX. SPM Communications Utz Brands, Inc. Utz Brands, Inc. Agency Media Contact Ashley Lennington ashleyL@spmcommunications.com Media Colleen Farley Cfarley@utzsnacks.com Investor Trevor Martin tmartin@utzsnacks.com
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Utz Expands Summer Snack Lineup with Bold Seasonal Flavors
HANOVER, Pa. (BUSINESS WIRE) — Utz Brands, Inc., a leading U.S. manufacturer of branded salty snacks, is bringing bold, craveable flavor to the snack aisle with two limited-time products designed to capture the iconic taste of summer. Together, these limited-time flavors deliver the moments that define summer, from backyard cookouts to road trips and everything in between, all with the unmistakable crunch and flavor Utz is known for. The all-new Sizzlin’ Summer Burger flavored Ripples Potato Chips are inspired by the classic flavors of a backyard cookout, delivering a layered flavor experience of smoky and savory notes on Utz’s signature ridged chip. Made from real potatoes, the limited-edition flavor brings a grill-inspired twist to the snack aisle. Utz Lemonade flavored Potato Chips are back with a signature sweet-and-tangy citrus flavor, delivering a refreshing twist on a classic potato chip. Crafted from real potatoes and seasoned with a bright lemonade-inspired flavor, the chips strike a balance of tangy, sour and sweet in every bite. The returning fan favorite builds on strong consumer demand, generating more than $1 million in sales in 2025. “Summer is all about bold flavor and memorable moments,” said Stacey Shultz, Senior Vice President, Marketing at Utz Quality Foods, LLC, a subsidiary of Utz Brands, Inc. “We’re giving snack lovers two unmistakably Utz ways to enjoy the season, whether they’re poolside, on the go or gathered around the grill.” For the second year, Utz is proud to partner with Alex’s Lemonade Stand Foundation (ALSF), a nonprofit dedicated to fighting childhood cancer. A portion of sales from Utz Lemonade Chips, up to $40,000, will be donated to ALSF to support its mission of funding research and helping families in need. “At Alex’s Lemonade Stand Foundation, we’ve seen how small acts can make a big difference,” said Liz Scott, Alex’s mom and co-executive director at Alex’s Lemonade Stand Foundation. “Through our partnership with Utz, every bag of Lemonade Chips helps raise awareness and funds for childhood cancer research, giving families hope one chip at a time.” Both limited-time chips are now available at major retailers nationwide, including Walmart, Publix, Kroger and more, as well as online at utzsnacks.com. Lemonade Chips and Sizzlin’ Summer Burger Ripples Chips are each available in 2.625 oz and 7.75 oz bags. To learn more about Utz and its new flavors, connect with Utz on Facebook, Instagram and TikTok. Consumers can learn more about Alex’s Lemonade Stand Foundation and support their fight against childhood cancer by visiting AlexsLemonade.org. About Utz Brands, Inc. Utz Brands, Inc. (NYSE: UTZ) manufactures a diverse portfolio of savory snacks through popular brands, including Utz®, On The Border® Chips & Dips, Zapp's®, and Boulder Canyon®, among others. After a century with a strong family heritage, Utz continues to have a passion for exciting and delighting consumers with delicious snack foods made from top-quality ingredients. Utz's products are distributed nationally through grocery, mass merchandisers, club, convenience, drug, and other channels. Based in Hanover, Pennsylvania, Utz has multiple manufacturing facilities across the U.S. to serve its growing customer base. For more information, please visit www.utzsnacks.com or call 1‐800‐FOR‐SNAX. About Alex’s Lemonade Stand Foundation Alex's Lemonade Stand Foundation (ALSF) emerged from the front yard lemonade stand of 4-year-old Alexandra “Alex” Scott, who was fighting cancer and wanted to raise money to find cures for all children with cancer. By the time Alex passed away at the age of 8, she had raised $1 million. Since then, the Foundation bearing her name has evolved into a worldwide fundraising movement and one of the largest independent childhood cancer charities in the U.S. ALSF is a leader in funding pediatric research projects across the globe and providing programs to families affected by childhood cancer. For more information, visit AlexsLemonade.org. SPM Communications Utz Brands, Inc. Utz Brands, Inc. Agency Media Contact Ashley Lennington ashleyL@spmcommunications.com Media Colleen Farley Cfarley@utzsnacks.com Investor Trevor Martin tmartin@utzsnacks.com
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Utz Brands Reports First Quarter 2026 Results and Reaffirms Full Year Guidance
Hanover, PA – May 6, 2026 – Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded Salty Snacks and a small-cap growth and value Staples equity, today reported financial results for the Company’s first fiscal quarter ended March 29, 2026. 1Q’26 Summary(1) Net Sales increased 2.6% to $361.3 million Total Organic Net Sales increased 2.6%; Branded Salty Snacks Organic Net Sales increased 5.2% Gross Profit Margin expansion of 200bps Adjusted Gross Profit Margin expansion of 210bps Net Income decreased to $(2.4) million Adjusted Net Income decreased 4.5% to $21.3 million EBITDA decreased 12.9% to $30.3 million Adjusted EBITDA increased 6.2% to $47.9 million Diluted Earnings Per Share decreased to $(0.02) Adjusted Earnings Per Share decreased 6.3% to $0.15 Cash Flow Used in Operations was $12.2 million Adjusted Free Cash Flow increased to $(25.9) million Net Leverage Ratio improved and decreased 0.4x to 3.6x (1) All comparisons for the first quarter of 2026 are to the first quarter of 2025 (ended March 30, 2025). “I’m pleased with our solid start to the year, as we delivered 2.6% Net Sales growth and 5.2% Branded Salty Snacks growth, gained dollar share in the Salty Snacks category(2), and continued to expand Adjusted EBITDA margins” said Howard Friedman, Chief Executive Officer of Utz. Mr. Friedman continued, “The category has demonstrated signs of continued improvement with solid growth in the first quarter. Looking ahead to the remainder of 2026, we expect it to remain a dynamic operating environment and we are committed to our playbook of driving Branded Salty Snacks growth, generating productivity, and reinvesting in marketing and geographic expansion. We believe the flexibility of our model will allow us to succeed in an evolving consumer and category backdrop.” “Adjusted Free Cash Flow improved sharply in the first quarter with our focus on working capital management and normalizing capital expenditures,” said BK Kelley, EVP and Chief Financial Officer of Utz. “Leverage at 3.6x was down considerably from a year ago, and we expect leverage to improve further as we progress through 2026. We are reaffirming all aspects of our 2026 guidance.” 13-Weeks Ended (in $millions, except per share amounts) March 29, 2026 March 30, 2025 % Change Net Sales $ 361.3 $ 352.1 2.6 % Organic Net Sales 361.3 352.1 2.6 % Gross Profit 91.9 82.4 11.5 % Gross Profit Margin 25.4 % 23.4 % 200 bps Adjusted Gross Profit 111.4 101.2 10.1 % Adjusted Gross Profit Margin 30.8 % 28.7 % 210 bps Selling, General, and Administrative 85.4 77.4 10.3 % Selling, General, and Administrative Margin 23.6 % 22.0 % 160 bps Adjusted Selling, General, and Administrative 63.5 56.1 13.2 % Adjusted Selling, General and Administrative Margin 17.6 % 15.9 % 170 bps Net (Loss) Income (2.4) 5.7 nm Net (Loss) Income Margin (0.7) % 1.6 % nm Adjusted Net Income 21.3 22.3 (4.5) % EBITDA 30.3 34.8 (12.9) % Adjusted EBITDA 47.9 45.1 6.2 % Adjusted EBITDA Margin 13.3 % 12.8 % 50 bps Basic (Loss) Income Per Share(1) $ (0.02) $ 0.09 nm Adjusted Earnings Per Diluted Share(1) $ 0.15 $ 0.16 (6.3) % Cash Flow From Operations (12.2) (20.2) 39.6 % Adjusted Free Cash Flow (25.9) (58.2) 55.5 % First Quarter 2026 Results First quarter Net Sales increased 2.6% to $361.3 million compared to $352.1 million in the prior year period. Organic Net Sales increased 2.6% year-over-year, driven by a favorable net price realization of 3.7% partially offset by lower volume/mix contribution of (1.1)%. The Bonus Packs promotion in the prior year first quarter had a net neutral 2.7 point impact on both volume/mix and price. Excluding the Bonus Packs promotion, volume/mix increased 1.6% and net price realization increased 1.0%. Branded Salty Snacks Organic Net Sales(3) (representing 89% of total Net Sales) increased 5.2% led by our Power Four Brands, offset by a 14.3% decline in Non-Branded & Non-Salty Snacks Organic Net Sales(3), primarily due to Non-Branded, which was impacted by accelerated elimination of low margin items. For the 13-week period ended March 29, 2026, the Company’s Branded Salty Snacks Retail Sales increased 4.6% versus the prior year period, outperforming the 2.4% increase for the Salty Snack category overall(3). On a 2-year stack basis, total Company Branded Salty Snacks Retail Sales also increased 4.6%, outperforming a 0.7% increase for the Salty Snack category. The Company’s Retail Volumes decreased by 3.0%, impacted by the lap of Bonus Packs, compared to a 1.5% increase for the Salty Snack category. On a 2-year stack basis, the Company’s Retail Volumes increased 2.7%, outperforming a 0.1% decrease for the Salty Snack category. The Company drove Retail Sales gains in both its Core and Expansion Geographies(2)(3). The Company’s Power Four Brands of Utz®, On The Border®, Zapp’s® and Boulder Canyon® Retail Sales increased by 6.7%. Gross Profit Margin of 25.4% increased 200bps compared to 23.4% in the prior year period. Adjusted Gross Profit Margin of 30.8% expanded 210bps compared to 28.7% in the prior year period. The increase in both Gross Margin and Adjusted Gross Profit Margin was driven by productivity savings, which more than offset supply chain cost inflation. Selling, General, and Administrative Expenses (“SG&A Expenses”) were $85.4 million, or 23.6% of Net Sales, compared to $77.4 million, or 22.0% of Net Sales, in the prior year period. Adjusted SG&A Expenses were $63.5 million, or 17.6% of Net Sales, compared to $56.1 million, or 15.9% of Net Sales, in the prior year period. The increase in both SG&A Expenses and Adjusted SG&A Expenses as a percentage of Net Sales were primarily due to increased marketing, and adding capabilities to support the Company’s geographic expansion and growth initiatives. The Company reported a Net Loss of $2.4 million compared to Net Income of $5.7 million in the prior year period. Net Income in the prior year period benefited from an $11 million gain from the remeasurement of the warrant liability. Adjusted Net Income in the quarter decreased 4.5% to $21.3 million compared to $22.3 million in the prior year period. Adjusted Earnings Per Share decreased 6.3% to $0.15 compared to $0.16 in the prior year period. The Adjusted Earnings Per Share decrease was primarily the result of lower Adjusted Net Income, driven by an increase in depreciation and amortization. The Company reported EBITDA of $30.3 million compared to EBITDA of $34.8 million in the prior year period. Adjusted EBITDA increased 6.2% to $47.9 million, or 13.3% as a percentage of Net Sales, compared to $45.1 million, or 12.8% as a percentage of Net Sales, in the prior year period. The increase in Adjusted EBITDA was driven by Adjusted Gross Profit Margin expansion, which more than offset the increase in Adjusted SG&A expenses. (1) Versus prior year period. (2) As measured by Circana MULO+ w/convenience. (3) See “Other Defined Terms” for definitions. Balance Sheet and Cash Flow Highlights As of March 29, 2026 Total liquidity of $196.1 million, consisting of cash on hand of $73.7 million and $122.4 million available under the Company’s revolving credit facility. Net debt of $780.3 million resulting in a Net Leverage Ratio of 3.6x based on trailing twelve months Adjusted EBITDA of $219.3 million. For the thirteen weeks ended March 29, 2026 Cash flow used in operations was $12.2 million. Capital expenditures were $13.8 million, and dividends and distributions paid were $9.7 million. Adjusted Free Cash Flow of $(25.9) million. Share Repurchase Program The Company did not repurchase shares during the first quarter of 2026 and has $50 million remaining under its stock repurchase program adopted in February 2026. Fiscal Year 2026 Outlook The Company will benefit from a 53rd week in the fourth quarter of 2026. Guidance has indicated the impact of the 53rd week, where appropriate. The Company is reiterating all aspects of 2026 guidance. For the fiscal year 2026, the Company continues to expect: Organic Net Sales growth of 2% to 3%, assuming a flat Salty Snacks category at midpoint, led by continued Branded Salty Snacks growth, particularly the Power Four Brands. This metric excludes the 53rd week We expect that the 53rd week will benefit Reported Net Sales by approximately $20 million in the fourth quarter of 2026 Productivity savings of approximately 4% of Adjusted COGS Adjusted EBITDA growth of 5% to 8% and Adjusted EBITDA margin expansion, led by Adjusted Gross Margin expansion fueled by strong productivity cost savings and improved product mix. This metric includes the 53rd week We expect that the 53rd week will benefit Adjusted EBITDA by approximately $3 million in the fourth quarter of 2026 Adjusted EPS decline in range of 3% to 6%, driven primarily by higher depreciation and amortization of approximately $13 million, higher interest expense, and a higher tax rate, the impact of these three items equating to approximately 12 cents We expect that the 53rd week will benefit Adjusted EPS by 2 cents in the fourth quarter of 2026 Adjusted Free Cash Flow in the range of $60 and $80 million Adjusted Free Cash Flow is defined as Cash Flows From Operating Activities less Capital Expenditures Plus Net Sales of Property and Equipment The Company also continues to expect: An effective tax rate (normalized GAAP basis tax expense, which excludes one-time items) of between 17-19%; Interest expense in the range of $47 to $49 million; Depreciation and amortization in the range of $93 to $97 million Capital expenditures in the range of $60 to $65 million with the majority focused on delivering accelerated productivity savings and supporting targeted growth initiatives; and Net Leverage Ratio between 3.0x - 3.2x at fiscal year-end 2026 Quantitative reconciliations are not available for the forward-looking non-GAAP financial measures used herein without unreasonable efforts due to the high variability, complexity, and low visibility with respect to certain items which are excluded from Organic Net Sales, Adjusted COGS, Adjusted EBITDA, Adjusted Free Cash Flow, Net Leverage Ratio, normalized GAAP basis tax expense, excluding one-time items, and Adjusted Earnings Per Share, respectively. We expect the variability of these items to have a potentially unpredictable, and potentially significant, impact on our future financial results. Conference Call and Webcast Presentation The Company has also posted a pre-recorded management discussion of its first quarter results to its website at https://investors.utzsnacks.com. In addition, the Company will host a live question and answer session with analysts at 8:30 a.m. Eastern Time today. Please visit the “Events & Presentations” section of Utz’s Investor Relations website at https://investors.utzsnacks.com to access the live listen-only webcast. Participants can also dial in over the phone by calling 1-888-596-4144. The Event Plus passcode is 3860587. The Company has also posted presentation slides and additional supplemental financial information, which are available now on Utz’s Investor Relations website. About Utz Brands, Inc. Utz Brands, Inc. (NYSE: UTZ) manufactures a diverse portfolio of savory snacks through popular brands, including Utz®, On The Border® Chips & Dips, Zapp’s®, and Boulder Canyon®, among others. After over a century with a strong family heritage, Utz continues to have a passion for exciting and delighting consumers with delicious snack foods made from top-quality ingredients. Utz's products are distributed nationally through grocery, mass merchandisers, club, convenience, drug, and other channels. Based in Hanover, Pennsylvania, Utz has multiple manufacturing facilities located across the U.S. to serve our growing customer base. For more information, please visit the Company’s website or call 1‐800‐FOR‐SNAX. Investors and others should note that Utz announces material financial information to its investors using its Investor Relations website, U.S. Securities and Exchange Commission (the “Commission”) filings, press releases, public conference calls, and webcasts. Utz uses these channels, as well as social media, to communicate with our stockholders and the public about the Company, the Company’s products, and other Company information. It is possible that the information that Utz posts on social media could be deemed to be material information. Therefore, Utz encourages investors, the media, and others interested in the Company to review the information posted on the social media channels listed on Utz’s Investor Relations website. Investor Contact Trevor Martin Utz Brands, Inc. tmartin@utzsnacks.com Media Contact Colleen Farley Utz Brands, Inc. cfarley@utzsnacks.com Forward-Looking Statements This press release includes certain statements made herein that are not historical facts but are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended. The forward-looking statements generally are accompanied by or include, without limitation, statements such as “may,” “can,” “should,” “will,” “estimate,” “plan,” “project,” "forecast,” "intend,” "expect,” “anticipate,” “believe,” “seek,” “target” “goal”, “on track” or other similar words, phrases or expressions. These forward-looking statements include future plans for the Company, including outlook for fiscal 2026, assumptions for category performance, plans related to the transformation of the Company’s supply chain, the Company’s product mix, the Company’s expectations regarding its level of indebtedness and associated interest expense impacts; the estimated or anticipated future results and benefits of the Company’s future plans and operations; the Company’s cost savings plans and the Company’s logistics optimization efforts; the effects of tariffs, inflation or supply chain disruptions on the Company or its business; the benefits of the Company’s productivity initiatives; the effects of the Company’s marketing and innovation initiatives; the Company’s future capital structure; future opportunities for the Company’s growth; statements regarding the Company’s projected balance sheet and liabilities, including net leverage; and other statements that are not historical facts. These statements are based on the current expectations of the Company’s management and are not predictions of actual performance. These statements are subject to a number of risks and uncertainties and the Company’s business and actual results may differ materially. Some factors that could cause actual results to differ include, without limitation: we operate in the highly competitive and increasingly consolidated snack food industry; demand for our products may be adversely affected by changes in consumer preferences and tastes or if we are unable to innovate or market our products effectively; our reputation or brand image might be impacted as a result of issues or concerns relating to the quality and safety of our products, ingredients or packaging, processing techniques, which in turn could negatively impact our operating results; changes in retail distribution arrangements can result in the loss of retail shelf space and disrupt sales of food products, causing our sales to fall; our DTW delivery network system relies on a significant number of brokers, wholesalers and logistics companies, and our DSD network system and regional third-party distributor network relies on a significant number of independent operators and third-party distributors, and such reliance could affect our ability to effectively and profitably distribute and market products, maintain existing markets and expand business into other geographic markets; the evolution of e-commerce retailers and sales channels may adversely affect us; disruption to our manufacturing operations, supply chain or distribution channels could impair our ability to produce or deliver finished products and negatively impact our operating results; our results of operations and profitability may continue to be adversely affected by inflation, including from rising labor costs and the effects of shortages of raw materials, energy, water and other supplies; all of our products must be compliant with laws and regulations promulgated by various governmental authorities, and changes in the legal and regulatory environment, including with respect to the One Big Beautiful Bill Act, could limit our business activities, increase our operating costs, reduce demand for our products or result in litigation or other regulatory action; we may be unable to successfully identify and execute acquisitions or dispositions or to successfully integrate acquisitions or carve out dispositions; the geographic concentration of our markets may adversely impact us if we are unable to effectively diversify the markets in which we participate; we may not be able to attract and retain the highly skilled people we need to support our business; impairment in the carrying value of goodwill or other intangible assets could have an adverse impact on our results; our intellectual property rights are valuable, and any inability to protect them could reduce the value of our products and brands; climate change or legal, regulatory or market measures to address climate change may negatively affect our business and operations or damage our reputation, and liabilities, claims or new laws or regulations with respect to environmental matters could have a significant negative impact on our business; we are subject to increasing focus on ESG issues, including those related to climate change, and any perceived failure by us to meet ESG initiatives may negatively impact our business; our debt instruments contain covenants that impose restrictions on our operations that may adversely affect our ability to operate our business if we fail to meet those covenants or otherwise suffer a default thereunder; we are subject to risks from changes to the trade policies and tariff and import/export regulations by the U.S. and/or other foreign governments; resales of shares of our Class A Common Stock could affect the market price of our Class A Common Stock; we are a holding company dependent upon distributions made by our subsidiaries to pay taxes, make payments under the Company’s Tax Receivable Agreement (the “TRA”) and pay dividends; pursuant to the TRA, we are required to make certain payments to certain noncontrolling interest holders, and those payments may be substantial; Delaware law, our organizational documents and certain other agreements contain certain provisions, including anti-takeover provisions, that limit the ability of stockholders to take certain actions and could delay or discourage takeover attempts; our Certificate of Incorporation designates the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders; certain of our significant stockholders whose interests may differ from those of our other stockholders have the ability to significantly influence our business and management; and other risks and uncertainties set forth in Part I, Item 1A “Risk Factors” in our Annual Report on Form 10-K for the year ended December 28, 2025 and in the other reports we file with the Commission from time to time. Forward-looking statements provide the Company’s expectations, plans or forecasts of future events and views as of the date of this communication. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this communication. The Company cautions investors not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based, except as otherwise required by law. Non-GAAP Financial Measures: Utz uses non-GAAP financial information and believes it is useful to investors as it provides additional information to facilitate comparisons of historical operating results and identify trends in our underlying operating results, and it provides additional insight and transparency on how we evaluate the business. We use non-GAAP financial measures to budget, make operating and strategic decisions, and evaluate our performance. These non-GAAP financial measures do not represent financial performance in accordance with generally accepted accounted principles in the United States (“GAAP”) and may exclude items that are significant to understanding and assessing financial results. Therefore, these measures should not be considered in isolation or as an alternative to net income, cash flows from operations, earnings per share or other measures of profitability, liquidity, or performance under GAAP. You should be aware that the presentation of these measures may not be comparable to similarly titled measures used by other companies. Management believes that non-GAAP financial measures should be considered as supplements to the GAAP measures reported, should not be considered replacements for, or superior to, the GAAP measures, and may not be comparable to similarly named measures used by other companies. The Company’s calculation of the non-GAAP financial measures may differ from methods used by other companies. We believe that these non-GAAP financial measures provide useful information to investors regarding certain financial and business trends relating to the financial condition and results of operations of the Company to date when considered with both the GAAP results and the reconciliations to the most comparable GAAP measures, and that the presentation of non-GAAP financial measures is useful to investors in the evaluation of our operating performance compared to other companies in the Salty Snack industry, as similar measures are commonly used by the companies in this industry. These non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of management judgment about which items of expense and income are excluded or included in determining these non-GAAP financial measures. The non-GAAP financial measures are not recognized in accordance with GAAP and should not be viewed as an alternative to GAAP measures. As new events or circumstances arise, these definitions could change. When the definitions change, we will provide the updated definitions and present the related non-GAAP historical results on a comparable basis. During the first quarter of 2026, the Company revised the categorization of certain charges and gains that were historically categorized as acquisition, divestitures and investments, business transformation, and financing-related costs. The Company is now presenting the associated charges and gains within the categories supply chain transformation and corporate transformation. The nature of the charges and gains included in these adjustments, as well as the total amount of all of these adjustments in all prior periods presented, are unchanged We believe that this change provides a better reflection of the impact of the charges and gains and aligns with how management views the adjustments internally. Prior period balances have been reclassified to conform to the current presentation. Additionally, the Company has revised the presentation of its reconciliations of Adjusted Gross Profit, Adjusted Gross Profit Margin, Adjusted Selling, General, and Administrative Expenses, EBITDA, Adjusted EBITDA, Adjusted Net Income, and Adjusted Earnings Per Share to the most directly comparable GAAP measures. We believe the revised presentation of reconciliation information provides investors with helpful context on the impacts of the adjustments. Utz uses the following non-GAAP financial measures in its financial communications, and in the future could use others: Organic Net Sales Adjusted Gross Profit Adjusted Gross Profit as % of Net Sales (Adjusted Gross Profit Margin) Adjusted Cost of Goods Sold (COGS) Adjusted Selling, General and Administrative Expense Adjusted Selling, General and Administrative Expense as % of Net Sales (Adjusted Selling, General and Administrative Expense Margin) Adjusted Net Income Adjusted Earnings Per Share Adjusted Earnings Before Taxes EBITDA Adjusted EBITDA Adjusted EBITDA as % of Net Sales (Adjusted EBITDA Margin) Effective Normalized Tax Rate Net Leverage Ratio Adjusted COGS Branded Salty Snacks Organic Net Sales Non-Branded & Non-Salty Snacks Organic Net Sales Adjusted Free Cash Flow Organic Net Sales is defined as Net Sales excluding the impacts of acquisitions, divestitures and independent operator (“IO”) route conversions that took place after 1Q’2024. Adjusted Gross Profit represents Gross Profit excluding Depreciation and Amortization expense, a non-cash item. In addition, Adjusted Gross Profit excludes the impact of costs that fall within the categories of non-cash adjustments and/or other cash adjustment items such as those related to stock-based compensation, hedging and purchase commitments adjustments, asset impairments, supply chain transformation, and corporate transformation. Adjusted Gross Profit is one of the key performance indicators that our management uses to evaluate operating performance. We also report Adjusted Gross Profit as a percentage of Net Sales as an additional measure for investors to evaluate our Adjusted Gross Profit Margin. Adjusted Cost of Goods Sold (COGS) represents Net Sales less Adjusted Gross Profit Adjusted Selling, General and Administrative Expense is defined as all Selling, General and Administrative expense excluding Depreciation and Amortization expense, a non-cash item. In addition, Adjusted Selling, General and Administrative Expense excludes the impact of costs that fall within the categories of non-cash adjustments and/or other cash adjustment items such as those related to stock-based compensation, hedging and purchase commitments adjustments, asset impairments, supply chain transformation, and corporate transformation. We also report Adjusted Selling, General and Administrative Expense as a percentage of Net Sales as an additional measure for investors to evaluate our Adjusted Selling, General and Administrative Margin. Adjusted Net Income is defined as Net Income excluding Depreciation and Amortization expense, a non-cash item, related to fair value adjustments on property, plant, and equipment, and definite-lived intangibles relating to business combinations recorded in prior periods. In addition, Adjusted Net Income excludes deferred financing fees, interest income, and expense relating to IO loans and certain non-cash adjustments and/or other cash adjustment items such as those related to stock-based compensation, hedging, and purchase commitments adjustments, asset impairments, supply chain transformation, corporate transformation, remeasurement of warrant liabilities. Lastly, Adjusted Net Income normalizes the income tax provision to account for the above-mentioned adjustments. Adjusted Earnings Before Taxes is defined as Adjusted Net Income before normalized GAAP basis tax expense. Adjusted Earnings Per Share is defined as Adjusted Net Income divided by the weighted average shares outstanding for each period on a fully diluted basis assuming the shares of Class V Common Stock of the Company are converted to Class A Common Stock of the Company. EBITDA is defined as Net Income Before Interest, Income Taxes, and Depreciation and Amortization. Adjusted EBITDA is defined as EBITDA further adjusted to exclude certain non-cash adjustments and/or other cash adjustment items, such as stock-based compensation, hedging and purchase commitments adjustments, asset impairments, supply chain transformation, and corporate transformation. Adjusted EBITDA is one of the key performance indicators we use in evaluating our operating performance and in making financial, operating, and planning decisions. We believe Adjusted EBITDA is useful to the users of this release because the financial information contained in the release can be used in the evaluation of Utz’s operating performance compared to other companies in the Salty Snack industry, as similar measures are commonly used by companies in this industry. In this release, we also provide Adjusted EBITDA as a percentage of Net Sales as an additional measure for readers to evaluate our Adjusted EBITDA Margin. Adjusted Free Cash Flow is defined as Cash Flow from Operating Activities on the Consolidated Statements of Cash Flows less Purchases of Property and Equipment (Capital Expenditures) plus Net Proceeds from Sale of Property and Equipment, both included in Cash flow from investing activities on the Consolidated Statements of Cash Flows. Effective Normalized Tax Rate is defined as normalized GAAP basis tax expense, which excludes one-time items, divided by Adjusted Earnings before Taxes. Net Leverage Ratio is defined as trailing twelve month Adjusted EBITDA divided by Net Debt. Net Debt is defined as Gross Debt less Cash and Cash Equivalents. Other Defined Terms: Branded Salty Snacks is defined as Power Four Brands and Other Brands. Power Four Brands consist of the Utz® brand, On The Border®, Zapp’s®, and Boulder Canyon®. Other Brands include Golden Flake®, TORTIYAHS!®, Hawaiian®, Bachman®, Tim’s Cascade®, Dirty Potato Chips®, TGI Fridays® and Vitner's®. Non-Branded & Non-Salty Snacks is defined as partner brands, private label, co-manufacturing for which we are the manufacturer, Utz branded non-salty snacks such as On The Border® Dips and Salsa, and sales not attributable to specific brands. Utz Brands, Inc. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME For the thirteen weeks ended March 29, 2026 and March 30, 2025 (In millions, except share information) (Unaudited) Thirteen weeks ended March 29, 2026 Thirteen weeks ended March 30, 2025 Net sales $ 361.3 $ 352.1 Cost of goods sold 269.4 269.7 Gross profit 91.9 82.4 Selling, general, and administrative expenses Selling 51.1 41.5 General and administrative 34.3 35.9 Total selling, general, and administrative expenses 85.4 77.4 Gain on sale of assets, net 1.3 0.7 Income from operations 7.8 5.7 Other loss, net Interest expense (10.4) (11.5) Loss on debt extinguishment — (0.5) Other income 0.8 0.4 Gain on remeasurement of warrant liability — 11.0 Other loss, net (9.6) (0.6) (Loss) income before taxes (1.8) 5.1 Income tax expense (benefit) 0.6 (0.6) Net (loss) income (2.4) 5.7 Net loss attributable to noncontrolling interest 0.7 1.8 Net (loss) attributable to controlling interest $ (1.7) $ 7.5 (Loss) income per Class A Common stock: (in dollars) Basic $ (0.02) $ 0.09 Diluted $ (0.02) $ 0.09 Weighted-average shares of Class A Common stock outstanding Basic 88,347,854 85,721,393 Diluted 88,347,854 87,535,340 Net (loss) income $ (2.4) $ 5.7 Other comprehensive income (loss): Change in fair value of interest rate swap 2.3 (6.4) Comprehensive loss (0.1) (0.7) Net comprehensive (income) loss attributable to noncontrolling interest (0.2) 4.3 Net comprehensive (loss) income attributable to controlling interest $ (0.3) $ 3.6 Utz Brands, Inc. CONSOLIDATED BALANCE SHEETS March 29, 2026 and December 28, 2025 (In millions, except per share information) As of March 29, 2026 As of December 28, 2025 (Unaudited) ASSETS Current Assets Cash and cash equivalents $ 73.7 $ 120.4 Accounts receivable, less allowance of $3.3 for each period 113.4 100.8 Inventories 122.5 119.3 Prepaid expenses and other assets 46.3 39.9 Current portion of notes receivable 4.0 4.0 Total current assets 359.9 384.4 Non-current Assets Assets held for sale 10.4 10.3 Property, plant and equipment, net 379.9 379.2 Goodwill 865.2 865.2 Intangible assets, net 956.5 963.9 Non-current portion of notes receivable 10.8 10.8 Other assets 203.4 179.8 Total non-current assets 2,426.2 2,409.2 Total assets $ 2,786.1 $ 2,793.6 LIABILITIES AND EQUITY Current Liabilities Current portion of term debt $ 30.3 $ 31.4 Current portion of other notes payable 6.1 6.5 Accounts payable 188.3 197.4 Accrued expenses and other 90.3 87.9 Total current liabilities 315.0 323.2 Non-current portion of term debt and revolving credit facility 812.0 818.2 Non-current portion of other notes payable 13.1 14.2 Non-current accrued expenses and other 181.4 166.5 Deferred tax liability 127.2 126.6 Total non-current liabilities 1,133.7 1,125.5 Total liabilities 1,448.7 1,448.7 Commitments and Contingencies Equity Shares of Class A Common Stock, $0.0001 par value; 1,000,000,000 shares authorized; 88,430,658 and 87,509,774 shares issued and outstanding as of March 29, 2026 and December 28, 2025, respectively — — Shares of Class V Common Stock, $0.0001 par value; 61,249,000 shares authorized; 55,349,000 shares issued and outstanding as of both March 29, 2026 and December 28, 2025 — — Additional paid-in capital 1,039.2 1,037.0 Accumulated deficit (334.4) (326.6) Accumulated other comprehensive income 4.7 3.3 Total stockholders' equity 709.5 713.7 Noncontrolling interest 627.9 631.2 Total equity 1,337.4 1,344.9 Total liabilities and equity $ 2,786.1 $ 2,793.6 Utz Brands, Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS For the thirty-nine weeks ended March 29, 2026 and March 30, 2025 (In millions) (Unaudited) Thirteen weeks ended March 29, 2026 Thirteen weeks ended March 30, 2025 Cash flows from operating activities Net (loss) income $ (2.4) $ 5.7 Adjustments to reconcile net (loss) income to net cash used in operating activities: Depreciation and amortization 22.5 18.7 Gain on remeasurement of warrant liability — (11.0) Gain on sale of assets (1.3) (0.7) Loss on debt extinguishment — 0.5 Share-based compensation 3.9 4.3 Deferred taxes 0.6 0.1 Deferred financing costs 0.3 0.3 Changes in assets and liabilities: Accounts receivable, net (12.6) (15.1) Inventories (3.2) (6.2) Prepaid expenses and other assets (3.5) (7.1) Accounts payable and accrued expenses and other (16.5) (9.7) Net cash used in operating activities (12.2) (20.2) Cash flows from investing activities Purchases of property and equipment (13.8) (38.8) Proceeds from sale of property and equipment 0.1 0.8 Proceeds from sale of routes 8.3 5.0 Proceeds from the sale of IO notes 1.5 0.5 Purchases of IO routes and other changes in note receivables (11.6) (8.2) Net cash used in investing activities (15.5) (40.7) Cash flows from financing activities Borrowings on line of credit 60.0 85.0 Repayments on line of credit (60.0) (35.2) Borrowings on term debt and notes payable — 38.5 Repayments on term debt and notes payable (7.6) (8.0) Payment of debt issuance cost — (1.7) Payments of tax withholding requirements for employee stock awards (1.7) (2.2) Dividends paid (6.2) (5.4) Distribution to noncontrolling interest (3.5) (3.5) Net cash (used in) provided by financing activities (19.0) 67.5 Net (decrease) increase in cash and cash equivalents (46.7) 6.6 Cash and cash equivalents at beginning of period 120.4 56.1 Cash and cash equivalents at end of period $ 73.7 $ 62.7 Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures (Amounts may not sum due to rounding) Net Sales and Organic Net Sales 13-Weeks Ended (dollars in millions) March 29, 2026 March 30, 2025 Change Net Sales as Reported $ 361.3 $ 352.1 2.6 % Organic Net Sales (1) $ 361.3 $ 352.1 2.6 % (1) Organic Net Sales excludes the Impact of Dispositions. Net Sales Growth Drivers 13-Weeks Ended March 29, 2026 (% change in prior year net sales) Branded Salty Snacks (1) Non-Branded & Non-Salty Snacks (2) Total Net Sales as Reported $ 321.7 $ 39.6 $ 361.3 Net Sales as Reported Growth Versus Prior Year 5.2 % (14.3) % 2.6 % Volume/mix 1.1 % (15.1) % (1.1) % Pricing 4.1 0.8 3.7 Organic Net Sales Growth Versus Prior Year 5.2 % (14.3) % 2.6 % Divestiture — — — Net Sales as Reported Growth Versus Prior Year 5.2 % (14.3) % 2.6 % (1) Branded Salty Snacks sales excluding IO unreported sales. (2) Non-Branded & Non-Salty Snacks including IO unreported sales. Adjusted Gross Profit; Adjusted Gross Margin, Adjusted Selling, General, and Administrative Expenses, EBITDA, Adjusted EBITDA, Adjusted Net Income, and Adjusted Earnings per Share 13-weeks Ended March 29,2026 (dollars in millions) As Reported Depreciation and Amortization Other Adj. EBITDA (5) Supply Chain Transformation (6) Corporate Transformation (7) Other Non-Cash Adj. Other Adj. Adjusted EBITDA (9) Other Adj. Adjusted Net Income Net sales $ 361.3 $ — $ — $ 361.3 $ — $ — $ — $ — $ 361.3 $ — $ 361.3 Cost of goods sold (269.4) 10.9 — (258.5) 7.6 2.5 (1.5) — (249.9) (8.9) (258.8) Gross profit 91.9 10.9 — 102.8 7.6 2.5 (1.5) — 111.4 (1) (8.9) 102.5 Gross margin 25.4 % 30.8 % (1) Selling, general and administrative expenses (85.4) 11.6 — (73.8) 0.3 4.7 5.3 — (63.5) (2) (2.9) (66.4) Gain on sale of assets, net 1.3 — — 1.3 — (1.3) — — — — — Income from operations 7.8 22.5 — 30.3 7.9 5.9 3.8 — 47.9 (11.8) 36.1 Interest expense (10.4) — 10.4 — — — — — — (10.1) (10.1) Other income, net 0.8 — (0.8) (8) — — — — — — 0.1 0.1 Loss (income) before income taxes (1.8) 22.5 9.6 30.3 7.9 5.9 3.8 — 47.9 (21.8) 26.1 Income tax expense 0.6 — (0.6) — — — — — — 4.8 4.8 Net loss (income) $ (2.4) $ 22.5 $ 10.2 $ 30.3 $ 7.9 $ 5.9 $ 3.8 $ — $ 47.9 (3) $ (26.6) $ 21.3 (4) Average Weighted Basic Shares Outstanding on an As-Converted Basis 143.7 Fully Diluted Shares on an As-Converted Basis 143.9 Adjusted Earnings Per Share $ 0.15 13-weeks Ended March 30,2025 (dollars in millions) As Reported Depreciation and Amortization Other Adj. EBITDA (5) Supply Chain Transformation (6) Corporate Transformation (7) Other Non-Cash Adj. Other Adj. Adjusted EBITDA (9) Other Adj. Adjusted Net Income Net sales $ 352.1 $ — $ — $ 352.1 $ — $ — $ — $ — $ 352.1 $ — $ 352.1 Cost of goods sold (269.7) 8.0 — (261.7) 8.3 1.4 1.1 — (250.9) (5.7) (256.6) Gross profit 82.4 8.0 — 90.4 8.3 1.4 1.1 — 101.2 (1) (5.7) 95.5 Gross margin 23.4 % 28.7 % (1) Selling, general and administrative expenses (77.4) 10.7 — (66.7) 0.7 5.3 4.6 — (56.1) (2) (2.2) (58.3) Gain on sale of assets, net 0.7 — — 0.7 (0.3) (0.4) — — — — — Income from operations 5.7 18.7 — 24.4 8.7 6.3 5.7 — 45.1 (7.9) 37.2 Interest expense (11.5) — 11.5 — — — — — — (10.5) (10.5) Loss on debt extinguishment (0.5) — — (0.5) — 0.5 — — — — — Gain on remeasurement of warrant liability 11.0 — — 11.0 — — — (11.0) — — — Other income, net 0.4 — (0.5) (8) (0.1) — 0.1 — — — 0.5 0.5 Income before income taxes 5.1 18.7 11.0 34.8 8.7 6.9 5.7 (11.0) 45.1 (17.9) 27.2 Income tax (benefit) expense (0.6) — 0.6 — — — — — — 4.9 4.9 Net (loss) income $ 5.7 $ 18.7 $ 10.4 $ 34.8 $ 8.7 $ 6.9 $ 5.7 $ (11.0) $ 45.1 (3) $ (22.8) $ 22.3 (4) Average Weighted Basic Shares Outstanding on an As-Converted Basis 141.4 Fully Diluted Shares on an As-Converted Basis 143.2 Adjusted Earnings Per Share $ 0.16 (1) Adjusted Gross Profit and Adjusted Gross Margin were $111.4 million and 30.8%, respectively for the thirteen weeks ended March 29, 2026, and $101.2 million and 28.7% for the thirteen weeks ended March 30, 2025, respectively. (2) Adjusted Selling, General and Administrative was $63.5 million and $56.1 million for the thirteen weeks ended March 29, 2026 and thirteen weeks ended March 30, 2025, respectively. (3) Adjusted EBITDA was $47.9 million and $45.1 million for the thirteen weeks ended March 29, 2026 and thirteen weeks ended March 30, 2025, respectively. (4) Adjusted Net Income was $21.3 million and $22.3 million for the thirteen weeks ended March 29, 2026 and thirteen weeks ended March 30, 2025, respectively. (5) Supply Chain Transformation initiatives representing start-up costs, warehousing and logistical transformations, restructuring and cost reduction activities as part of efforts to enhance long-term profitability, and other manufacturing initiatives that do no reflect the cost of normal business operations. For the thirteen weeks ended March 29, 2026 and thirteen weeks ended March 30, 2025, supply chain transformation initiatives were $7.9 million and $8.7 million, respectively. (6) Corporate Transformation are comprised primarily of costs related to severance and other people restructuring costs, Insignia integration, information technology and data transformation, litigation, gain and losses realized from the sale of distribution rights to IOs, gain and losses on the sale of assets, and consulting and professional fees related to transformation initiatives. For the thirteen weeks ended March 29, 2026 and thirteen weeks ended March 30, 2025, corporate transformation initiatives were $5.9 million and $6.9 million, respectively. (7) Other Non-Cash Adjustments for the thirteen weeks ended March 29, 2026 and thirteen weeks ended March 30, 2025 are comprised primarily of $3.4 million and $3.5 million, respectively, of share-based compensation awards to employees and directors associated with the 2020 Omnibus Equity Incentive Plan; $0.4 million and $2.2 million, respectively, of unrealized gains on mark-to-market adjustments of the Company’s commodity options; amortization of cloud computing, purchase commitments, certain lease adjustments, amortization of tolling assets, and other non-cash adjustments. (8) Other income/(expense), net represents the Company’s non-operating income and expense related to interest income, fees associated with our receivable finance program, and mark-to-market on notional portion of interest rate swap not accounted for under interest rate hedge accounting, expense related to changes in the Company’s tax receivable liability, monetary conversion, other items not related to our operations. (9) Includes $11.8 million and $7.9 million related to Core depreciation and amortization for the thirteen weeks ended March 29, 2026 and thirteen weeks ended March 30, 2025, respectively, interest expense excluding amortization of deferred financing fees, and other income/(expense) excluding the mark-to-market on the notional portion of our interest rate swap not accounted for under interest rate hedge accounting and gains or losses related to changes in the Company’s tax receivable liability. Income tax adjustment is calculated as (loss) income before taxes plus (i) acquisition, Step-Up depreciation and amortization and (ii) other non-cash and/or cash adjustments, multiplied by a normalized GAAP effective tax rate, minus the actual tax provision recorded in the Consolidated Statement of Operations and Comprehensive Loss. The normalized GAAP effective tax rate excludes one-time items such as the impact of tax rate changes on deferred taxes and changes in valuation allowances. Depreciation & Amortization 13-Weeks Ended (dollars in millions) March 29, 2026 March 30, 2025 Core D&A - Non-Acquisition-related included in Gross Profit $ 8.9 $ 5.7 Step-Up D&A - Transaction-related included in Gross Profit 2.0 2.3 Depreciation & Amortization - included in Gross Profit 10.9 8.0 Core D&A - Non-Acquisition-related included in SG&A Expense $ 2.9 2.2 Step-Up D&A - Transaction-related included in SG&A Expense 8.7 8.5 Depreciation & Amortization - included in SG&A Expense 11.6 10.7 Depreciation & Amortization - Total $ 22.5 $ 18.7 Core Depreciation and Amortization $ 11.8 $ 7.9 Step-Up Depreciation and Amortization $ 10.7 10.8 Total Depreciation and Amortization $ 22.5 $ 18.7 Trailing Twelve Months (TTM) Adjusted EBITDA FY 2025 2026 (dollars in millions) Q1 Q2 Q3 Q4 FY 2025 Q1 TTM Adjusted EBITDA $ 45.1 $ 48.7 $ 60.3 $ 62.4 $ 216.5 $ 47.9 $ 219.3 Net Debt and Leverage Ratio (dollars in millions) As of March 29, 2026 Term Loan $ 630.3 Real Estate Loan 56.4 ABL Facility 0.2 Equipment Loans and Finance Leases(1) 167.1 Gross Debt(2) 854.0 Cash and Cash Equivalents 73.7 Total Net Debt $ 780.3 Last 52-Weeks Adjusted EBITDA $ 219.3 Net Leverage Ratio(3) 3.6x (1) Equipment loans and finance leases include leases accounted for as finance leases under US GAAP and loans for equipment. (2) Includes Term Loan B, ABL Facility, Equipment Loans, and Finance Leases. Excludes amounts related to guarantees on IO loans which are collateralized by routes. The Company has the ability to recover substantially all of the outstanding IO loan value in the event of a default scenario, which historically has been uncommon. (3) Based on trailing twelve month Adjusted EBITDA of $219.3 million Adjusted Free Cash Flow 13-Weeks Ended (dollars in millions) March 29, 2026 March 30, 2025 Cash Flow From Operations $ (12.2) $ (20.2) Capital Expenditures (13.8) (38.8) Proceeds from sale of property and equipment 0.1 0.8 Adjusted Free Cash Flow $ (25.9) $ (58.2)
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UTZ BRANDS BRINGS FULL SNACK AISLE FIREPOWER TO SWEETS & SNACKS EXPO 2026
HANOVER, PA (BUSINESS WIRE) — Utz Brands, Inc., a leading U.S. manufacturer of branded salty snacks, will bring its most expansive portfolio yet to the 2026 Sweets & Snacks Expo, May 19–21 at the Las Vegas Convention Center. Spanning categories from better-for-you kettle chips to tortilla chips and pretzels, Utz Brands is meeting evolving consumer preferences with its portfolio of brands consumers know and love plus category-leading innovations. It will be sampling new and flagship products across the Utz Brands portfolio, including Utz®, Zapp’s®, Boulder Canyon® and On The Border® Chips & Dips, in the Exhibit Hall at Booth #2219. Utz is meeting consumers’ evolving desires for snacks that deliver great taste and better-for-you options, with a new line of Protein Pretzels and Protein Cheese Curls. Utz Protein Pretzels come in three flavors: Honey Mustard, Cheddar, and Sea Salt, each providing 8–10 grams of protein per serving. Utz Protein Cheese Curls are available in two flavors, Cheddar and Hot & Spicy Cheddar, providing 9 grams of protein per serving. This innovation highlights the great taste and crunch of Utz pretzels and cheese snacks with the benefit of protein, delivering snacks without compromise. In addition, Utz continues to surprise and delight consumers with their line of beloved potato chips with limited-edition flavors that perfectly capture the spirit of summer. New Sizzlin' Summer Burger flavored Rippled Potato Chips deliver flavor that captures the spirit of summer grilling. The brand is also bringing back fan-favorite Lemonade flavored Potato Chips in partnership with Alex's Lemonade Stand Foundation, a nonprofit dedicated to fighting childhood cancer. A portion of Utz Lemonade Potato Chip sales, up to $40,000, will be donated to Alex's Lemonade Stand Foundation, to support its mission of funding research and helping families in need. Boulder Canyon®, America’s fastest-growing salty snack brand and the No. 1 salty snack brand in the natural channel with more than $122 million in growth in 2025[1], continues to lead the better-for-you category with bold innovation and on-trend expansions. This includes new additions to its avocado oil chip portfolio with Boulder Batch Agave Siracha flavored chips, Wavy Grillo’s Pickles® Dill Pickle flavored chips and the launch of Boulder Canyon Sea Salt Kettle Chips cooked in beef tallow. Boulder Canyon’s beef tallow kettle chips tap into growing consumer demand for snacks made without seed oils. The gluten-free Sea Salt chips are kettle-cooked in small batches with premium beef tallow and made with non-GMO potatoes. Boulder Canyon is also featuring its all-new Flavored Tortilla Chips line, available in Nacho, Sweet & Spicy Chili and Chili Lime, at the show. The full retail rollout is planned for July 2026, complementing its existing tortilla chip line. “Utz Brands is thrilled to showcase both our fan favorites and new on-trend innovations at the Sweets & Snacks show,” said Stacey Schultz senior vice president of marketing at Utz Quality Foods, LLC, a subsidiary of Utz Brands, Inc. “From our commitment to non-seed oil innovation from Boulder Canyon to our Americana flavors of summer with Backyard Burger and the return of Lemonade from our flagship Utz brand, we are building a portfolio of snacks that continue to surprise and delight snack lovers.” All Utz Brands products are available for purchase online at UtzSnacks.com and leading retailers nationwide. For more information, follow Utz on Facebook, Instagram and TikTok, Zapp’s on Facebook, Instagram and TikTok, Boulder Canyon on Facebook, Instagram and TikTok, and On The Border on Facebook, Instagram and TikTok. About Utz Brands, Inc. Utz Brands, Inc. (NYSE: UTZ) manufactures a diverse portfolio of savory snacks through popular brands including Utz®, On The Border® Chips & Dips, Zapp’s® and Boulder Canyon®, among others. After a century with a strong family heritage, Utz continues to have a passion for exciting and delighting consumers with delicious snack foods made from top-quality ingredients. Utz’s products are distributed nationally through grocery, mass merchandisers, club, convenience, drug and other channels. Based in Hanover, Pennsylvania, Utz has multiple manufacturing facilities across the U.S. to serve its growing customer base. For more information, please visit www.utzsnacks.com or call 1‐800‐FOR‐SNAX. SPM Communications Utz Brands, Inc. Utz Brands, Inc. Agency Media Contact Hope Washburn hope@spmcommunications.com Media Colleen Farley Cfarley@utzsnacks.com Investor Trevor Martin tmartin@utzsnacks.com Source: Circana Total US MULO+, latest 52 weeks ending Dec. 28, 2025
Read moreUtz Quality Foods, LLC Issues Voluntary Recall of Certain Limited Varieties of Zapp’s and Dirty Potato Chips
HANOVER, PA -- (BUSINESS WIRE) – Utz Quality Foods, LLC, a subsidiary of Utz Brands, Inc., is issuing a voluntary recall in the United States of certain limited varieties of Zapp’s® and Dirty® potato chips. This voluntary recall follows notification to Utz that a seasoning containing dry milk powder, sourced from California Dairies, Inc. and supplied by a third-party supplier, may contain the presence of Salmonella. The affected seasoning batches tested negative for Salmonella prior to use; however, out of an abundance of caution, Utz is recalling the limited varieties of Zapp’s and Dirty brand potato chips identified below. Salmonella is an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Healthy persons infected with Salmonella often experience fever, diarrhea (which may be bloody), nausea, vomiting and abdominal pain. In rare circumstances, infection with Salmonella can result in the organism getting into the bloodstream and producing more severe illnesses such as arterial infections (i.e., infected aneurysms), endocarditis and arthritis. To date, there have been no complaints of illness reported to Utz in connection with the recalled products. Utz is recalling these products based on the ingredient supplier’s recall.This recall is limited exclusively to the products listed below, which are available at retail stores nationwide. No other products produced by Utz Quality Foods are included in this recall. Item Name (size/description) UPC Best By Date Batchcode(s) 1.5oz Zapp's® Brand Bayou Blackened Ranch Potato Chips 83791272917 3-Aug-26 26030070101 10-Aug-26 26036070102 17-Aug-26 26043070101 24-Aug-26 26052070103 2.5oz Zapp's® Brand Bayou Blackened Ranch Potato Chips 83791272924 3-Aug-26 26029070104 17-Aug-26 26044070104 17-Aug-26 26045070104 31-Aug-26 26058070104 8oz Zapp's® Brand Bayou Blackened Ranch Potato Chips 83791272931 27-Jul-26 26024070105 27-Jul-26 26024070104 3-Aug-26 26029070104 3-Aug-26 26030070104 10-Aug-26 26037070105 10-Aug-26 26038070105 17-Aug-26 26044070105 17-Aug-26 26045070105 2oz Dirty® Brand Salt and Vinegar Potato Chips 83791520148 3-Aug-26 26030070104 3-Aug-26 26031070104 3-Aug-26 26031070101 10-Aug-26 26038070102 10-Aug-26 26038070103 1.5oz Zapp's® Brand Salt and Vinegar Potato Chips (60ct) 83791010144 3-Aug-26 26030070101 3-Aug-26 26031070101 10-Aug-26 26036070102 10-Aug-26 26037070102 2oz Dirty® Brand Maui Onion Potato Chip 83791520162 8-Aug-26 26052070103 2.5oz Zapp's® Brand Big Cheezy Potato Chip 83791192208 31-Aug-26 26058070104 8oz Zapp's® Brand Big Cheezy Potato Chip 83791192246 31-Aug-26 26058070104 31-Aug-26 26059070104 2oz Dirty® Brand Sour Cream and Onion Potato Chips 83791520094 31-Aug-26 26059070104 Consumers who have these products should not eat them and should discard any products they may have. For questions or refunds, consumers may contact the Utz Customer Care team email customerservice@utzsnacks.com or call 1-877-423-0149, Monday through Friday from 9:00 am – 6:00 pm Eastern Time. Retailers should check their inventories and shelves to confirm that none of the products are present or available for purchase by consumers. This voluntary recall is being conducted with the knowledge of the United States Food and Drug Administration. # # # About Utz Quality Foods, LLC Utz Quality Foods, LLC manufactures a diverse portfolio of savory snacks. For more information about Utz® or its products, please visit www.utzsnacks.com or call 1-800-FOR-SNAX.
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UTZ BRANDS SHOWCASES NEW CHIPS, PRETZELS AND BESTSELLERS AT NATURAL PRODUCTS EXPO WEST
Boulder Canyon showcases innovation including tortilla chip lineup and new Boulder Batch Agave Sriracha Flavored Potato Chips and Utz debuts new line of Protein Pretzels and Cheese Curls
Read moreUtz Brands Reports Fourth Quarter and Full Year 2025 Results
Hanover, PA – February 12, 2026 – Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded Salty Snacks and a small-cap value Staples equity, today reported financial results for the Company’s fiscal fourth quarter and full year ended December 28, 2025.
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BOULDER CANYON LAUNCHES ‘BE FOR REAL’ CAMPAIGN CELEBRATING REAL INGREDIENTS AND REAL MOMENTS
HANOVER, PA (BUSINESS WIRE) — Boulder Canyon®, America’s fastest growing salty snack brand[1], has launched its first national brand campaign, "Be for Real," in partnership with The Sasha Group. This campaign invites consumers to disconnect from digital distractions and reconnect with real moments and simple pleasures. The campaign will be showcased in the places where consumers connect—on social media, online videos, and where consumers shop. It celebrates Boulder Canyon’s top items like Avocado Oil Sea Salt Kettle and Thin & Crispy Sea Salt Potato Chips, and the brand’s commitment to real, simple ingredients — including potatoes grown in North America, avocado oil, and sea salt. In a world dominated by AI images and social media trends, Boulder Canyon's "Be for Real" campaign encourages consumers to put down their phones and embrace genuine experiences. It seeks to remind consumers that in a world full of shortcuts and easy routes, it’s refreshing to diverge from societal norms and break free from autopilot. "Boulder Canyon has always been about keeping it real and we are excited to share the brand essence in our first-ever national brand campaign," said Stacey Schultz, SVP, Marketing at Utz Quality Foods, LLC, a subsidiary of Utz Brands, Inc. "The 'Be for Real' campaign is a natural extension of who we are as a brand. We're inviting consumers to find moments of authenticity in their daily lives, just as we've stayed true to using only select ingredients in our snacks for more than 30 years." The brand, founded in 1994, has become a leader in the better-for-you snack category by staying true to its founders' vision: using only select ingredients to make great tasting snacks. To learn more about Boulder Canyon and its lineup of snacks, visit the Boulder Canyon website or follow @BoulderCanyon on Facebook, Instagram, and TikTok. # # # About Utz Brands, Inc. Utz Brands, Inc. (NYSE: UTZ) manufactures a diverse portfolio of savory snacks through popular brands, including Utz®, On The Border® Chips & Dips, Zapp's®, and Boulder Canyon®, among others. After a century with a strong family heritage, Utz continues to have a passion for exciting and delighting consumers with delicious snack foods made from top-quality ingredients. Utz's products are distributed nationally through grocery, mass merchandisers, club, convenience, drug, and other channels. Based in Hanover, Pennsylvania, Utz has multiple manufacturing facilities across the U.S. to serve its growing customer base. For more information, please visit www.utzsnacks.com or call 1‐800‐FOR‐SNAX. SPM Communications Utz Brands, Inc. Utz Brands, Inc. Agency Media Contact Ashley Lennington ashleyL@spmcommunications.com Media Colleen Farley Cfarley@utzsnacks.com Investor Trevor Martin tmartin@utzsnacks.com [1] Source: Circana MULO+C Dollar Sales Change vs YA, 2025 YTD as of 12/28/2025
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The Dynamic Duo of Boulder Canyon and Grillo’s Pickles Reunite for Second Craveable Chip
Boulder Canyon and Grillo’s Pickles Reunite for Second Craveable Chip
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